Minneapolis, MN vs Phoenix, AZ
Cost of Living Comparison
⚖️
Equivalent Salary
$100,000 in Minneapolis, MN = $100,971 in Phoenix, AZ
Buying power is 1.0% higher in Phoenix, AZ
Median Rent
$1,329 vs $1,458
9.7% higher in Phoenix, AZ
Median Income
$80,269 vs $77,041
-4.0% lower in Phoenix, AZ
Home Value
$345,600 vs $381,900
10.5% higher in Phoenix, AZ
Price Level
104.5 vs 105.5
US avg = 100
Salary Needed for Median Rent
$53,200 vs $58,300
30% of gross income guideline
Rent as % of Income
19.9% vs 22.7%
Lower is more affordable